Transfer Taxes Are Bad Policy
|
PETER P. CASEY
is broker-owner and CEO of Prudential Wilmot Whitney Real Estate in Weston, and a management and strategic consultant for business and venture capital companies. He is a director of the Massachusetts Association of Realtors served as its president in 2003. |
By Peter P. Casey
Two Massachusetts towns, Westwood and Chatham, are now considering property transfer taxes to fund budget shortfalls. Westwood proposes a 2 percent tax of the purchase price on buyers to raise funds for capital projects and maintenance of school properties, while Chatham proposes a 1 percent tax on buyers to fund a waste treatment facility.
Subscribers, click here to read entire story | Click here to purchase a subscription
|
